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The latest announcement is out from Auto Trader ( (GB:AUTO) ).
Auto Trader Group plc announced the repurchase of 4,426 of its ordinary shares for cancellation at an average price of 799.6467 pence per share, as part of its ongoing buyback program. This transaction reduces the total number of shares in issue and adjusts the voting rights, potentially impacting shareholder calculations under regulatory guidelines.
The most recent analyst rating on (GB:AUTO) stock is a Buy with a £880.00 price target. To see the full list of analyst forecasts on Auto Trader stock, see the GB:AUTO Stock Forecast page.
Spark’s Take on GB:AUTO Stock
According to Spark, TipRanks’ AI Analyst, GB:AUTO is a Outperform.
Auto Trader’s overall stock score is driven by its strong financial performance and positive earnings call, highlighting growth and market leadership. However, mixed technical indicators and a high P/E ratio suggest caution. The absence of significant corporate events further consolidates the focus on core financial and operational metrics.
To see Spark’s full report on GB:AUTO stock, click here.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, primarily focusing on the buying and selling of vehicles through its online marketplace platform. The company is a leading player in the UK market, providing a digital platform for vehicle listings and related services.
Average Trading Volume: 2,015,557
Technical Sentiment Signal: Buy
Current Market Cap: £6.75B
For an in-depth examination of AUTO stock, go to TipRanks’ Overview page.